Pay and Specialty - Fox Sports World Canada

Individual Pay, Pay-per-view, Video-on-demand and Specialty Services - Financial Summary 2011-2015

Table of Contents

Undertaking # Service Name Licensee Licensee Ultimate Owner Type Year
305426068 Fox Sports World Canada Fox Sports World Canada Partnership Shaw Communications Inc. Specialty (category B service) 2015

Revenue ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Residential/bulk/SMATV subscriber revenue 2,314,639 1,401,509 -39.45 -100.00 0 0 -100.0
DTH revenue 529,384 325,174 -38.58 -100.00 0 0 -100.0
Local advertising revenue 0 0 0 0
National advertising revenue 138,837 80,163 -42.26 -100.00 0 0 -100.0
Other revenue 439,901 313,228 -28.80 -100.00 0 0 -100.0
Total Revenue 3,422,761 2,120,074 -38.06 -100.00 0 0 -100.0

Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Programming and Production 3,382,564 2,627,456 -22.32 -100.00 0 0 -100.0
Technical 358,079 530,307 48.10 -100.00 0 0 -100.0
Sales and Promotion 325,624 59,470 -81.74 -100.00 0 0 -100.0
Administration and General 511,829 457,129 -10.69 -100.00 0 0 -100.0
Total Expenses 4,578,096 3,674,362 -19.74 -100.00 0 0 -100.0

Performance ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Income -1,155,335 -1,554,288 0 0
Depreciation 0 0 0 0
P.B.I.T. -1,155,335 -1,554,288 0 0
Interest Expense 0 0 0 0
Adjustments - Gain (Loss) 26,097 0 -100.00 0 0
Pre-tax Profit -1,129,238 -1,554,288 0 0

Canadian Programming Expenses ($)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Acquisition of rights 1,813,922 1,071,950 -40.90 -100.00 0 0 -100.0
Script & concept 0 0 0 0
Filler Programming + Program Production 0 180,593 -100.00 0 0
Investment in Programming 0 0 0 0
Total Canadian Programming 1,813,922 1,252,543 -30.95 -100.00 0 0 -100.0
Canadian Programming/Revenue (%) 53.00 59.08

Staff
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Total Remuneration ($) 946,181 588,499 -37.80 -100.00 0 0 -100.0
Average Staff Count 21 8 -61.90 -100.00 0 0
Avg Remuneration ($) 45,056 73,562 63.27 -100.00

Subscribers
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Subscribers 759,707 0 -100.00 0 0 -100.0

Profitability (%)
2011 2012 Var % 2013 Var % 2014 Var % 2015 Var % CAGR (%)
Operating Margin -33.8 -73.3
P.B.I.T. Margin -33.8 -73.3
Pre-tax Margin -33.0 -73.3

CAGR = Compound Annual Growth Rate

DTH = Direct-to-Home

SMATV = Satellite Master Atenna Television

P.B.I.T. = Profit Before Interest and Tax

Var = Variation

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